Rs 3,751 crore order book: This small-cap multibagger company receives an order worth Rs 744.68 crore!
The company has received orders worth Rs 3,751.26 crore in just 1 month.
Ahluwalia Contracts (India) Limited informed that it has secured an order for the construction of civil structure & waterproofing works including rough finishing works for the North Parcel of “The Arbour Project” located at Sec-63, Gurugram (HR) worth Rs 744.68 crore from DLF Home Developers Ltd.
The order inflow during the current FY 2023-24 stands at Rs 3,751.26 crore till date.
Ahluwalia Contracts (India) Ltd is engaged in engineering and contract construction, delivering state-of-the-art infrastructure and building projects for clients in India. The shares of the company saw a spurt in volume by more than 4.51 times on BSE.
Talking about finances, Ahluwalia Contracts has a market cap of Rs 3,698 crore. Both the company's quarterly consolidated and annual consolidated financial statements showed amazing numbers. In FY22, net sales and net profit rose by 35.83 per cent and 101.06 per cent over FY21.
On Wednesday, shares of Ahluwalia Contracts (India) Limited surged 3.70 per cent from its previous closing of Rs 535.40 per share to an intraday high of Rs 555.20. The stock has a 52-week high of Rs 612 and a 52-week low of Rs 371.75.
At 03:30 pm, the shares of the company ended the day in green, 3.10 per cent to Rs 552 per share.
The stock is up by 32 per cent in 6 months and generated multibagger returns of 220 per cent in the last 3 years. Investors should keep an eye on this Small-Cap stock under their watchlist.